Govt approves capital infusion for 3 General Insurance firms; check other Cabinet decisions
The Union Cabinet (February 12), chaired by Prime Minister Narendra Modi, on Wednesday (February 12) approved the proposal for capital infusion for three Public Sector General Insurance Companies- Oriental Insurance Company Limited (OICL), National Insurance Company Limited (NICL) and United India Insurance Company Limited (UIICL), said a government statement.
Feb 12, 2020, 19:35 PM IST
Merger of 3 PSU general insurers to be complete by FY'20
Their combined net worth is Rs 9,243 crore with total employee strength of around 44,000 spread over 6,000 offices.
Feb 04, 2019, 15:33 PM IST
Bids invited from consultants to advise on merger of 3 PSU general insurers
There is a proposal by the government to merge three public sector general insurance companies (PSGICs) -- National Insurance Company Ltd, Oriental Insurance Company Ltd and United India Insurance Company Ltd.
Jun 28, 2018, 17:24 PM IST
National Insurance expects up to Rs 5,000 cr from IPO
Non-life PSU insurer National Insurance Company (NIC) is expecting to receive between Rs 4,000 crore and Rs 5,000 crore from the proceeds of its planned public offer, industry sources said.
Sep 17, 2017, 11:19 AM IST
A one-rupee mystery at National Insurance Company
Policyholders and agents of government owned National Insurance Company Ltd. are facing what they call as the `one-rupee mystery', or `Re.1 conundrum', say agents and company officials.
Apr 12, 2015, 16:37 PM IST
